I hope you’re doing well. I wanted to share a few additional loans we’ve recently funded, some of which fall under our expanded term lending platform that now delivers up to $15 million in financing.
I’d be more than happy to discuss our programs with you further, so please feel free to contact me at any time.
Fashion Boutique - $10 Million
- Fund to refinance a high-end retail building plus working capital
- Extension of amortization to 360 months to reduce monthly payment obligation
- 10-year fixed interest rate
Manufacturer and Distributor of Shipping Cartons & Supplies - $5,000,000
- Refinanced existing debt and provided working capital for new orders
- Additional funds allocated to acquire the 50% interest in its HQ building that it did not own
- 25-year loan with no early balloons cut monthly payments on existing debt by more than 50%
Electrical Services Contractor - $1,810,000
- Refinanced high rate equipment leases and extend term to lower payments
- 10-year term loan included all closing costs to deliver borrower maximum proceeds
Dental Practice - $100,000
- Working capital to increase advertising and smooth out cash flow
- Newtek provided a 10-year term loan with no loan covenants
Jon Schmidt
Senior Vice President
Newtek Business Services Corp. (NASDAQ: NEWT)
Office: 212-273-8241 or 561-494-7623
Cell: 917-670-2198
www.newtekone.com